Governments and organizations have widely accepted IoT devices as efficient tools for controlling and governing their assets. As with all other tech solutions working as catalysts in a conventional process, IoT solutions have been plagued by issues such as insufficient battery life and testing, security vulnerabilities, malware issues, and lack of encryption.
To make this process more feasible and seamless, technology companies have been collaborating with companies developing IoT solutions. One such collaboration was announced on 9th February by Singapore based IoT service provider Unabiz and Swiss satellite communications company, Astrocast.
The collaboration will allow Astrocast to combine its connectivity technologies with UnaBiz’s custom design expertise in IoT sensors and data platform services. Astrocast enables asset monitoring and two-way communications in remote areas of the world. The company was successfully listed on the Euronext Growth Exchange on August 25th, 2021. It was founded by Fabien Jordan in 2014 and the company eventually became the leading satellite telecom operator in Switzerland.
The collaboration comes on the back of a recent round B of funding for Astrocast which was led by European deep-tech investment firm Boundary Holding, led by Rajat Khare and Switzerland based cooperative company, One Creation. Astrocast has raised a total of $14.1 million in seven rounds of funding from eight companies so far.
Talking about the benefits of the collaboration, Fabien Jordan, CEO of Astrocast said, “UnaBiz is a perfect partner to join our fast-growing ecosystem of solutions providers. We are excited to extend the reach of our SatIoT services to a wider market in multiple verticals across the Asia Pacific, Europe and South Africa, enabling more businesses in these regions to benefit from a disruptive technology that opens so many possibilities.”
The tracking of assets in real-time using an IoT solution is important for a company’s efficiency. Failure to deal with challenges like human error and theft can result in production loss, rescheduling of whole projects, overtime employment due to downtime, disposal of machinery before the end of its life.
With the new partnership, a custom-made asset tracking and monitoring solution can be developed to solve these issues. Astrocast’s direct-to-satellite network and other LPWA (Low Power Wide Area) networks will allow data to be transmitted via the system for satellite-only applications, as well as hybrid applications.